Does BiggerPockets do any verification or due diligence on advertisers on their content? I ask because I was an add in the recent newsletter for www.atminvesting.com offering a special for BP members. Does BP know any...
Written by IRA attorney John Hyre:The Mazzei Roth IRA Case – An End to Magical SchemesThe Tax Court took a major step in the direction of curtailing SDIRA abuse. The case will put the kibosh to a great many “IRA Stuff...
Do you guys 1099 your workers? I have been paying cash to my workers and im startign to get worried come tax time.. anyone else have some advice regarding this? I track expenses in an excel sheet but im not sure if t...
Happy Independence Day! I just read an article from BP talking about wrap around mortgages. My question is if the seller has "Due on sale" clause in their contract(with equity), and agrees to carry, how long typicall...
I recently hired one of my tenants in an apartment to work for me at the apartment complex, doing maintenance work. (He is a close friend - I do not recommend letting tenants work for you).
If he works in exchange fo...
We are exchanging into a multi family property that has a main house with a small cottage in the back. We plan to occupy the cottage and have a value calculated off of the appraisal comps. Can I use that value as a ...
I had some friends help demo a property and I paid them cash (around $1,000 total). Is this something I am able to write off? Would I need to issue a 1099 for this? Not sure how this works and would appreciate the adv...
This is a follow-up to my recent post about IRA audit myths. In this long sequel, I will discuss hiring audit and "IRS audit insurance."
1. DIY IRS audits.
Can you defend yourself against an IRS audit without hired ...
Hello! We had a property that was foreclosed on 9 years ago in Illinois and there were unpaid HOA dues. The condo has been sold twice since then and we are certain that the HOA dues have been paid during the first sal...
Anyone out there has any experience or results with forensic loan audits?
I know companies that start doing that, but I don't know about any results as it is take a very long time to finish it.
:roll:
I know how is...